M&A - Loar Holdings Inc.

Form Type: 8-K

Filing Date: 2025-03-07

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025035692

Filing Summary: On March 7, 2025, Loar Holdings Inc. reported the entry into a material definitive agreement via a Put Option concerning the acquisition of ASC3 LMB Topco and ASC3 LMB FinCo, subsidiaries organized under French law. The total transaction value is approximately €365 million, plus the assumption of estimated net debt of €44.3 million. The agreement will be finalized following the necessary consultation process as mandated by French Law, pending approval from the French Ministry of Economy. Additionally, a Warranty Agreement was signed on the same day to provide customary representations and warranties for the Purchaser, limited to a liability cap of one euro unless fraud is involved. The acquisition aims to enhance Loar Holdings' position in the aerospace and defense sector, alongside ongoing strategic initiatives.

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Form Type: 8-K

Filing Date: 2025-02-21

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525030870

Filing Summary: On February 20, 2025, Loar Holdings Inc.'s subsidiary, Loar Group Inc., entered a Put Option to acquire the entire equity interests of LMB and FinCo from various sellers for approximately €365 million, plus an estimated net debt assumption of €44.3 million. The acquisition is contingent on the proper consultation process with LMB's social and economic committee per French law. Expected closing is before the end of Q3 2025, pending customary closing conditions and approval from the French Ministry of Economy. The registration also announced a press release which included preliminary financial results for Q4 and full year 2024, highlighting their ongoing acquisition strategy and financial performance expectations. Loar Holdings is engaging in debt financing to cover the acquisition expenses.

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